6min chapter

The Great Antidote cover image

Michael Cannon on Medicare

The Great Antidote

CHAPTER

The Second Problem of the Strategy Getting Rid of Barriers to Cost-Reducing Innovations

Change the tax code to eliminate this penalty on consumers controlling their own health care dollars that would return $1 trillion. Give sicker enrollees a bigger Medicare check so they can afford a basic standard package of health insurance coverage but then leave them alone to make those decisions themselves. Get rid of laws that require new entrants into a market to get permission from the government like fee-for-service and other things that tilt the playing field away from cost-saving innovations.

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